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Canadian Natural Resources Crosses Below its 10-day MA (CNQ)

By Shiri Gupta

Canadian Natural Resources (NYSE:CNQ) shares have crossed bearishly below their 10-day moving average of $32.22 on a volume of 302K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Canadian Natural Resources have traded between a low of $14.60 and a high of $33.50 and are now at $32.00, which is 119% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.4%.

SmarTrend is monitoring the recent change of momentum in Canadian Natural Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Canadian Natural Resources in search of a potential trend change.

Keywords: moving crosses canadian natural resources

Ticker(s): CNQ